Which of the Following Goods Is an Example of a Good

question 4

Multiple Choice

Which of the following goods is an example of a good that is nonexcludable but not nonrivalrous?

• A) National defense.
• B) A fishing lake.
• C) A lighthouse.
• D) A radio broadcast.

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Definitions:

Expected Activity

The anticipated level of operations based on projections, such as hours worked, units produced, or services rendered.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their usage of the activities.

Manufacturing Overhead

All manufacturing costs other than direct materials and direct labor, including costs related to running a factory such as utilities, depreciation, and maintenance.

Direct Labour-Hours

The total hours worked directly on the production of goods or services.